What are the Specific Risks Faced by Melbourne Businesses?
Eateries & Bars
Melbourne locals and tourists alike enjoy spending their days dwelling in all the cool bars, cafes, restaurants and festivals that the city has to offer. The city centre has been reinvented in recent years with chic laneway eateries and rooftop bars opening in former industrial buildings.
In a one-year period, the food services industry contributed $3.3 billion to the Melbourne economy and employed 120,000 people. Of this, the City of Melbourne represented over $700 million and employed around 30,000 people. Business tourists are estimated to spend at least $108 million annually on food and beverage in the City of Melbourne.
PSC Direct Insurance Brokers Melbourne understand the pressure that the food services sector is under, with locals and tourists alike flocking to food establishments at every hour of the day and night. That’s why PSC Direct’s Melbourne Insurance Brokers specialise in sourcing appropriate policies in order to ensure your business is fully covered. We can assist you in valuing your assets and protecting you from the risk of third party injury claims so that you don’t find yourself underinsured, and receive the maximum possible cover if the worst does happen.
Sport is a crucial element to Melbourne’s makeup, with locals taking on something of a religious support for their sporting teams. Melburnians are passionate about AFL football (‘footy’), cricket and horse racing, and are the proud hosts of huge sporting events of grand-slam tennis and Formula One car racing.
Melbourne’s hosting of a wide range of huge sporting events, as well as the more modest local sporting activities results in the organisers of these events being exposed to a number of unpredictable risks; from severe whether and natural disasters to transport disruptions and terrorist threats. PSC Direct Insurance Brokers Melbourne understand the importance of securing appropriate insurance cover when risks are so varied and uncontrollable. We understand that cancellation, postponement and delays to an event can have a huge financial impact for organisers and sponsors of such events, as well as the potential for the organiser to be held liable for any costs incurred by other parties including sports teams and media networks.
As the number of sports events and the money invested in them is on the increase, the risks are becoming more prominent and more diverse. You must be sure that your insurance provides coverage for financial exposures such as contractual liabilities, lost revenues and ticket refunds. PSC Direct Insurance Brokers Melbourne can leverage their relationships with Australia’s leading provider of sports insurance; Worldwide Sports Insurance, to source comprehensive cover for a variety of events.
The city of Melbourne has a diverse range of retail offerings from large department stores to boutiques. The city prides itself on delivering unique retail experiences you can’t find outside of Melbourne through their laneway, above awning and ‘one-off’ shopping possibilities.
With over 2,000 retails establishments in Melbourne, this sector employs roughly 20,000 labour workers. In order to protect the state’s economy for the long term, these businesses should be fully protected with a comprehensive retail insurance policy that protects the business, its owners and its employees.
PSD Direct Insurance Brokers Melbourne understand that your insurance needs will depend on a number of factors such as the size of your business, what it sells and the number of employees. Our Melbourne-based brokers make it their priority to secure the most comprehensive solutions for your unique business needs at a competitive price.